Comment: If the VAT law is to be passed before May 2010 which is 32 days from now, how will it be shaped by public consultations? Anyways, in the little time we have here is my input:
VAT is not be be levied on any item classified as a necessity which may be Food such as milk, flour, water etc, shelter materials for resedential homes such as galvanise,cement, blocks etc, and other items that are needed for our basic survival.
VAT rate on all other items should be between 0.5% - 5%. Please, I beg u! |